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The Royal Bank of Canada’s provincial outlook for September anticipates economic growth in
Newfoundland and Labrador to surpass all other provinces with real GDP forecasted at 6% for 2013; the result of a rebound in the oil and gas industry and improved conditions for large scale mining projects. Correspondingly, the Conference Board of Canada’s summer 2013 metropolitan outlook indicates St. John’s is the fastest growing economy among 15 Canadian cities – with growth forecast at 5%.
Source : Cushman & Wakefield
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